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    USD/CHF: Wave analysis and forecast for 26.02 – 04.03 on 26.02.2016

    USD/CHF: Wave analysis and forecast for 26.02 – 04.03: Downtrend continues.

    Estimated pivot point is at the level of 1.0002.

    Our opinion: Sell the pair from correction below the level of 1.0002 with the target of 0.9650 – 0.9470.

    Alternative scenario: Breakout and consolidation of the price above the level of 1.0002 will allow the pair to continue the rise up to the level of 1.05.

    Analysis: Presumably, the formation of the downward momentum continues in the third wave iii of C. Locally, it is likely that the correction as the second wave of the junior level (ii) of iii has completed. If this assumption is true, the pair can continue to rise up to 0.9650 – 0.9470. Critical level for this scenario is 1.0002.

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